Why is IP Rings falling/rising?

As of 29-Sep, IP Rings Ltd is experiencing a decline in its stock price, currently at Rs 143.00, which reflects a decrease of Rs 3.7 or 2.52%. The stock has underperformed its sector by 3.02% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 7.08% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 4.83%, and its year-to-date performance shows a significant decline of 25.95%, contrasting sharply with the Sensex, which has gained 2.85% during the same timeframe. There is a notable increase in investor participation, with delivery volume rising by 46.32% against the 5-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In the context of the broader market, IP Rings' recent performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -4.83% compared to the Sensex's -2.18%. This underperformance is further highlighted by the stark contrast in year-to-date returns, where IP Rings has declined by 25.95% while the Sensex has increased by 2.85%. The overall market sentiment appears to be more favorable, which may be contributing to the stock's struggles, as it continues to lag behind both the sector and the broader market indices.